senate Bill S7160

2019-2020 Legislative Session

Relates to a television writers' and directors' fees and salaries credit

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 03, 2020 referred to ways and means
delivered to assembly
passed senate
Jan 13, 2020 ordered to third reading cal.84
Jan 10, 2020 referred to rules

S7160 (ACTIVE) - Details

Law Section:
Tax Law
Laws Affected:
Amd §24-b, Tax L; amd §6, Chap of 2019 (as proposed in S.5864-A & A.6683-B)

S7160 (ACTIVE) - Summary

Relates to a television writers' and directors' fees and salaries credit; directs a study to be completed on the underutilization of minority and women screenwriters and directors.

S7160 (ACTIVE) - Sponsor Memo

S7160 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7160

                            I N  S E N A T E

                            January 10, 2020
                               ___________

Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the tax law, in relation to a  television  writers'  and
  directors'  fees  and  salaries  credit; and to amend a chapter of the
  laws of 2019 amending the tax law relating to  a  television  writers'
  and  directors'  fees  and salaries credit, as proposed in legislative
  bills numbers S. 5864-A and A. 6683-B, in  relation  to  a  television
  writers' and directors' fees and salaries credit and the effectiveness
  thereof

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 24-b of the tax law, as added by a chapter  of  the
laws of 2019, amending the tax law relating to a television writers' and
directors'  fees  and  salaries credit, as proposed in legislative bills
numbers S. 5864-A and A. 6683-B, is amended to read as follows:
  § 24-b. Television writers' and directors' fees and  salaries  credit.
(a)(1)  A  taxpayer  which  is a qualified film production company, or a
qualified independent film  production  company,  or  which  is  a  sole
proprietor  of  or  a  member of a partnership which is a qualified film
production company or a qualified independent film  production  company,
and  which is subject to tax under articles nine-A or twenty-two of this
chapter, shall be allowed a credit against such  tax,  pursuant  to  the
provisions referenced in subdivision (c) of this section, to be computed
as hereinafter provided.
  (2)  The  amount of the credit shall be the product (or pro rata share
of the product, in the case of a member  of  a  partnership)  of  thirty
percent  and  the  qualified television writers' and directors' fees and
salaries costs paid or incurred in the production of a  qualified  film,
provided  that:  (i)  the  credit amount shall not exceed fifty thousand
dollars for qualified television writers' and directors' fees and  sala-
ries  claimed  for  such expenses incurred for the employment of any one
specific writer or director for the production of  a  single  television
pilot  or  a  single episode of a television series, and (ii) the credit
amount shall not exceed one hundred fifty thousand dollars for qualified

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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